Summary:

Four new IPOs in India's hospitality sector, including Schloss Bengaluru, Ventive Hospitality, and Brigade Hotels, are aiming to raise US$ 943.3 million (Rs. 8,000 crore). This follows earlier IPOs, such as Chalet Hotels' US$ 177.9 million campaign. ITC Hotels plans to demerge in the fourth quarter of fiscal year 2025. Despite uneven IPO success, the sector's long-term outlook remains optimistic due to increased travel demand, higher room prices, and high occupancy.

The companies preparing to go public demonstrate a wide range of business strategies. Schloss Bengaluru, operating under the Leela brand, has a mix of owned and managed hotels in key cities. Ventive Hospitality, a subsidiary of Panchshil Realty, focuses on development and acquisitions in Pune, Bengaluru, and the Maldives. Brigade Hotels plans to add 996 rooms in South Indian cities. Despite challenges such as low earnings and high debt ratios, growing demand offers hope for the sector's future.

Source: IBEF

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